Economic Trends
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What are the political and social impacts of economic developmen ts????? ECONOMIC TRENDS
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Economic Trends. What are the political and social impacts of economic developments?????. Manufacturing expanded during war Bank of No. America then 1 st Bank of U.S. Land Speculation States charter business corp. Outwork system grows. Economy of a New Nation. 1780-1810. - PowerPoint PPT Presentation
Transcript of Economic Trends
What are the political and social impacts of economic developments?????
ECONOMIC TRENDS
Manufacturing expanded during war
Bank of No. America then 1st Bank of U.S.
Land SpeculationStates charter business corp.
Outwork system grows
1780-1810
ECONOMY OF A NEW NATION
OUTWORK=OPPORTU-NITY FORWOMEN
1816-1836: 2nd Bank of US
Supreme Court guards property
Erie CanalProtective TariffsU.S. Textiles compete w/Britain
Manufacturers grow in Midwest
1820-1850
ECONOMIC REVOLUTION
IN WHAT WAYS DID THE EMERGING
INDUSTRIAL ECONOMY CONFLICT
WITH ARTISAN REPUBLICANISM?
Common law against unions until Commonwealth v. Hunt (1842)prioritize workers’ individual rights and business
rightsProducing v. non-producing society=workers as
commodityMechanization increased supply faster than demand
RESPONSE TO PROMPT
Rise of Sharecropping after CW
Railroad expansionHomesteading and ranching
Vertical IntegrationEmergence of managerial work
Economic cycles provoke calls for reform
1870-1910
INDUSTRIAL REVOLUTION & NATIONAL ECONOMY
PROBLEMS WITH TRUSTS
Erosion of labor rightsIsolationist Trade-tariffsOligopoliesConsumer culture
RadiosRefrigeratorsCars
Stock market bubbleFragile banking
1920s-1930s
BOOM & BUST
Military Industrial Complex
Increase in real wagesConsumption economyInfrastructure & suburbanization
Gov’t Spending on Great Society then Vietnam
1945-1970
POSTWAR BOOM
Consumption
Conformity
Sunbelt
POLITICAL AND SOCIAL IMPACTS
Have political and social impacts.
ECONOMIC DEVELOPMENTS…
